Banking & Finance

Cardoso Rallies Banks to Meet $1 billion Monthly Diaspora Remittance Target

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, yesterday, urged Nigerian banks to intensify support for the apex bank’s efforts to grow...

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Tinubu Urges Bankers to Boost Funding to Manufacturing Sector, Digital Innovations, Others

President Bola Tinubu, yesterday, urged the banking sector to do more to support the country’s struggling manufacturing sector to boost its contribution...

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Senate Seeks Extension of CBN’s Forbearance Loans Deadline

Izunaso, who made the call at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN)...

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Lending Rates May Fall as Inflation Eases –CBN

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has hinted that lending rates may decline in the coming months as...

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Nigeria Faces Remittance Strain as UK Borrowing Costs Hit 27-Year High

Nigeria may see a slowdown in remittance inflows from the United Kingdom as its borrowing costs have climbed to their highest level...

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CBN Cracks Down on Criminal Networks with PoS Geo-Tagging Order

Last week, the Central Bank of Nigeria (CBN) rolled out a new directive requiring all Point of Sale (PoS) terminals across the...

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Survival Pressure Rises on Tier-2 Banks as Recapitalisation Deadline Nears

Nigeria’s Tier-2 (mid-tier) banks are scrambling to shore up their balance sheets as the Central Bank of Nigeria’s (CBN) March 2026 recapitalisation...